Date & Time:
AAP Candidates, AAPs, Accounts Payable and Receivable, ACH Personnel, Compliance, General ACH
When is it appropriate for an Originator, Third-Party Sender or ODFI to initiate an ACH Reversal? When is it OK for an RDFI to return a Reversal? June 2021 revisions to the Nacha Operating Rules address the improper use of Reversals, establish additional formatting requirements and provide direction to RDFIs for returning improper reversals. We’ll provide a review of ODFI and RDFI responsibilities in the processing of ACH reversing entries and discuss risk considerations and sound business practices for monitoring Originator reversal activity.
Discounted rates will appear when signed in as a TCHPA FI Member or Corporate Subscriber.